LeddarTech’s (LDTC) “Hold” Rating Reiterated at Westpark Capital

LeddarTech (NASDAQ:LDTC)‘s stock had its “hold” rating reaffirmed by research analysts at Westpark Capital in a research note issued on Monday, Benzinga reports.

Separately, Roth Mkm cut their price objective on shares of LeddarTech from $5.00 to $1.00 and set a “buy” rating on the stock in a research note on Friday.

LeddarTech Price Performance

NASDAQ LDTC traded up $0.01 during trading hours on Monday, reaching $0.54. The stock had a trading volume of 7,681 shares, compared to its average volume of 25,878. LeddarTech has a 52-week low of $0.50 and a 52-week high of $11.20. The stock has a fifty day moving average of $0.82 and a 200 day moving average of $2.19. The company has a debt-to-equity ratio of 10.09, a current ratio of 1.11 and a quick ratio of 1.02.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LeddarTech stock. Cowen AND Company LLC bought a new position in shares of LeddarTech Holdings Inc. (NASDAQ:LDTC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 104,310 shares of the company’s stock, valued at approximately $266,000. Cowen AND Company LLC owned approximately 2.38% of LeddarTech as of its most recent SEC filing. 9.62% of the stock is owned by institutional investors and hedge funds.

About LeddarTech

LeddarTech Holdings Inc provides AI-based fusion and perception software solutions for advanced driver assistance solutions and autonomous driving applications in Canada. It offers LeddarVision, a raw sensor fusion and perception platform for automotive and off-road industrial vehicles. The company was founded in 2007 and is based in Quebec City, Canada.